Vladimir: +1.
And while the way Instawallet work is not security-by-design, then doing a "site:"-search is not a security flaw - as long as Instawallet didn't leak the url's.
Injust: Just to make sure; you do know that google didn't "magically" find these urls, right? And Instawallet didn't leak them. (Also, 2+2 is not equal 5). If it wasn't Instawallet and google can't do magic, who do you think leaked them?

Um...Instawallet essentially leaked them. Not actively, but passively.
Because they failed to secure the site so that robots couldn't crawl and discover the URLs.
It is my understanding the site wasn't crawled, Google simply recorded the URLs people typed/pasted on the URL bar of their browser or in one of their many services and programs.